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CAPITAL AND FINANCIAL RISK MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2021

Capital and financial risk management

Schedule of target total debt to total debt and common shareholders' equity ratio


		December 31,			December 31,
		2021			2020
Long-term debt and credit facilities		$	1,589.9		$	1,424.2
Current portion of long-term debt and credit facilities			40.0			499.7
Total debt		$	1,629.9		$	1,923.9
Common shareholders' equity		$	6,580.9		$	6,596.5
Total debt / total debt and common shareholders' equity ratio			19.9	%		22.6	%
Company target			0 - 30	%		0 – 30	%

Capital and financial risk management

Schedule of risk management


					10% strengthening in			10% weakening in
					U.S. dollar			U.S. dollar
		Foreign currency net			Effect on earnings before			Effect on earnings before
		working capital			taxes, gain (loss)^(a)			taxes, gain (loss)^(a)
Canadian dollar		$	(40.0)		$	3.6		$	(4.4)
Brazilian real		$	(131.3)		$	11.9		$	(14.6)
Chilean peso		$	25.7		$	(2.3)		$	2.9
Russian rouble		$	25.5		$	(2.3)		$	2.8
Mauritanian ouguiya		$	(4.3)		$	0.4		$	(0.5)
Ghanaian cedi		$	3.9		$	(0.4)		$	0.4
Other^(b)		$	(2.6)		$	0.3		$	(0.4)

(a)	As described in Note 3ii, the Company translates its monetary assets and liabilities into U.S. dollars at the rates of exchange at the consolidated balance sheet dates. Gains and losses on translation of foreign currencies are included in earnings.

(b)	Includes Euro, Swedish Krona, British pound, Australian dollar and South African rand.


		10% strengthening in			10% weakening in
		U.S. dollar			U.S. dollar
		Effect on OCI before			Effect on OCI before
		taxes, (loss)^(a)			taxes, gain^(a)
Canadian dollar		$	(6.1)		$	7.4
Brazilian real		$	(6.8)		$	7.5
Chilean peso		$	(4.4)		$	4.8
Russian rouble		$	(3.7)		$	5.5

(a)	Upon maturity of these contracts, the amounts in OCI before taxes will reverse against hedged items that the contracts relate to, which may be to earnings or property, plant and equipment.

Energy price risk

Capital and financial risk management

Schedule of risk management


		10% increase in			10% decrease in
		price			price
		Effect on OCI before			Effect on OCI before
		taxes, gain^(a)			taxes, (loss)^(a)
WTI oil		$	11.3		$	(11.3)

(a)	Upon maturity of these contracts, the amounts in OCI before taxes will reverse against hedged items that the contracts relate to, which may be to earnings or property, plant and equipment.

Capital and financial risk management

Schedule of risk management


					2022			2023-2026			2027+
		Total			Within 1 year ^(b)			2 to 5 years			More than 5 years
Long-term debt ^(a)		$	2,251.9		$	121.6		$	1,025.5		$	1,104.8

(a)	Includes the full face value of the senior notes, drawdowns on the revolving credit facility, Tasiast loan, and estimated interest.

(b)	Represents estimated interest on the senior notes, revolving credit facility and Tasiast loan, due within the next 12 months.